Mergers, Acquisitions and Funding Round-up this week: June 10 to June 15

After a slow start in June, the start-up ecosystem seems to be back on track in the mid-month with the Indian startups cumulatively raising $201.8 Mn via 21 deals. This marks a 107% increase from last week's $97.3 Mn raised across 10 deals. Amongst all sectors, the Cleantech sector remained at the top in the funding charts while this sector also saw a net $71 Mn via three deals. Check out more about it here!

Battery Smart raises $65 million from LeapFrog Investments

Image Courtesy: Battery Smart 

The Battery tech startup Battery Smart has received an investment of $65 million in a Series B round led by LeapFrog Investments. However, this equity round also saw participation from new and existing investors that includes MUFG Bank, Panasonic, Ecosystem Integrity Fund, Blume Ventures, and British International Investment (BII).

Indkal Technologies secures $36 million from the Aries Opportunities Fund

Image Courtesy: LinkedIn

Indkal Technologies Private Limited, popular as one of India's fastest-growing consumer electronics brands has raised $36 million, approximately INR 300 crores in a round led by Mauritius-based Aries Opportunities. However, the brand has not disclosed the valuation. This Deeptech B2B IoT & Hardware raised the funds in a Series A round.

Foxtale raises $18 million from Panthera Growth

Image Courtesy: Foxtale

The Direct-to-consumer (D2C) skincare brand Foxtale has raised $18 million, approximately Rs. 150 crore from Singapore-based Panthera Growth Partners. This funding round also had the existing investors Matrix Partners India and Kae Capital. Out of the entire fund, about $15 million of the amount was in primary funding while the rest was secondary.

Ethereal Machines gets $13 mn from Peak XV Partners and Steadview Capital

Image Courtesy: Ethereal Machines 

Ethereal Machines, a Deep-Tech manufacturing start-up, has raised $13 million from Peak XV Partners and Steadview Capital. This fund was raised in a Series A funding round where existing investors like Blume Ventures, Enam Investments, and Sandeep Singhal were also a part.

Hocco raises $12 mn from multiple investors

Image Courtesy: Hocco

The Ahmedabad-based ice cream brand Hocco has raised $12 million or approximately, Rs. 100 crore by the Chona family, along with Sauce.vc and filmmakers including Ritesh Sidhwani and Farhan Akhtar. The brand is likely to expand its manufacturing capabilities with the amount. It also aims to hit Rs. 200 crore revenue by March 2025.

Acquisitions this week

• 360 One has signed an agreement intending to buy ET Money from Times Internet for INR 365.8 Cr in a cash and stock deal. Herein, as per the reports, the wealth and asset company will pay INR 85.8 Cr in cash to the company.
• Nazara Technologies’ subsidiary NODWIN Gaming International Pte Ltd, has bought Ninja Global FZCO (Ninja), an esports and gaming production company for $3.57 Mn in a cash and stock deal.
• The early-stage venture fund South Park Commons (SPC), based in Bengaluru has entered India in collaboration with Flipkart co-founder Binny Bansal to open its first international outpost in Bengaluru.